HM Payson & Co. Acquires 1,126 Shares of Meta Platforms, Inc. $META
HM Payson & Co. increased its stake in Meta Platforms, Inc. by 0.6% in Q3, acquiring an additional 1,126 shares, bringing its total to 197,714 shares valued at $145.2 million. Meta represents 2.1% of HM Payson & Co.'s portfolio. The company reported strong earnings, with $7.25 EPS, exceeding estimates, and a revenue of $51.24 billion. Meta also announced a quarterly dividend of $0.525. Institutional investors own 79.91% of the stock, and recent positive sentiment surrounds its acquisition of AI startup Manus, which could enhance its business offerings.
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